Currency Circle Li Ying: 6.27 Bitcoin (BTC) and Ethereum (ETH) Latest Market Analysis

The current price of Bitcoin is 60300. When it was rising before, everyone was shouting that a bull market was coming, but then it turned around and continued to decline. Many brothers who chased the high are stuck tightly. Now, at this position, it is neither up nor down. Is it a bottom-fishing opportunity or a continuation of the decline? The moving average system clearly deteriorated, with EMA7, 30, and 120 all arranged in bearish order. The short-term moving averages are firmly pressing down on the price, and even the rebound cannot hold above EMA7; the bullish strength of MACD is not strong enough; the lower band of the Bollinger Bands opening down to 58412 has become a short-term support, while the middle band at 60218 has instead become a resistance level. Overall, it is a weak震荡 pattern. Don't rush to bet on direction before there is a clear reversal signal.

Short-term strategy reference:

Long point 58000-57000, stop loss 56500, target 59000 aiming for 60500

Short point 61500-62000, stop loss 62500, target 60500 aiming for 60000

Ethereum

Before publication, the current price of Ethereum is 1580, in a relatively awkward position. You can see it previously broke below the 1600 integer level, although there was a slight rebound today, but the strength is very weak. The current situation is that there is pressure above and support below; the bulls want to counterattack but lack volume, while the bears do not dare to be too rampant. The technical moving average system shows a typical bearish arrangement. EMA7 and EMA30 are diverging downwards, and the price is being suppressed below EMA120, indicating that the medium to long-term trend remains bearish. The MACD indicator's bearish momentum is weakening and has not formed a golden cross; the rebound may fail at any time. The middle band of the Bollinger Bands is the dividing line between bulls and bears. If it cannot effectively hold above the middle band and break through the upper band, it is highly probable that it will test the support strength of the lower band at 1512 again.

Short-term point reference:

Long point 1540, defense at 1500, stop loss at 1450, target 1600 aiming for 1650

Short point 1650, defense at 1700, stop loss at 1750, target 1600 aiming for 1550

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